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Kospi Opens More Than 8% Lower... Kosdaq Drops 5% to 6%

Kospi Falls Below 5,000 Following Circuit Breaker Activation Amid Over 8% Plunge

Kospi Opens More Than 8% Lower... Kosdaq Drops 5% to 6%
▲ The Kospi and other stock indexes are displayed on a screen at the headquarters dealing room of Hana Bank in Jung-gu, Seoul, on the 6th.

The Kospi plunged more than 8% in early trading today, triggering a circuit breaker.

The Korea Exchange announced that as of 9:03 a.m. today, the Kospi stood at 4,911.91, down 471.89 points (8.76%) from the previous trading day.

As a result, the index fell below the 5,000 threshold during intraday trading.

Following the circuit breaker activation, trading will be suspended for 20 minutes from 9:03:34 a.m. today.

The index opened at 5,263.26, down 120.54 points (2.24%) from the previous session, and subsequently expanded its losses.

At the same time, the Kosdaq index stood at 631.76, down 46.65 points (6.88%) from the previous session.

(Photo: Yonhap News)
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